Pair is currently trading at 0.9828 levels. It made intraday high at 0.9840 and low at 0.9763 levels. Recent development is raising the chance of medium term trend reversal. Short term trend remains bullish till the time…
It made intraday high at 0.9840 and low at 0.9763 levels.
Recent development is raising the chance of medium term trend reversal. Short term trend remains bullish till the time pair holds key support levels at 0.9661 marks.
Sustained break of 0.9661 will affirm the bearish bias and targets 0.9475 key support levels next.
On the top side, a daily close above 1.0073 levels will confirm the bullish bias.
Initial resistance levels are seen at 0.9835, 0.9881 and 0.9972 marks.
On the down side, key support levels are falls at 0.9714, 0.9661 and 0.9475 levels.
We prefer to take long position in USD/CHF around 0.98, stop loss 0.97 and target 1.0073 levels.
